• 2018 November 8 14:04

    Hapag-Lloyd announces EUR 300.8 million EBIT after nine months 2018

    Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million) and a significantly improved group net result of EUR 113.4 million (Q3 2017: EUR 51.8 million). In the first nine months of 2018, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to EUR 813.7 million (9M 2017: EUR 722.8 million). EBIT amounted to EUR 300.8 million after nine months (9M 2017: EUR 268.8 million) with a positive group net result of EUR 12.5 million, being roughly on a par with the level of the nine-month result of 2017 (EUR 9.1 million).
     
    After the first nine months of the year, revenues stand at EUR 8.4 billion (9M 2017: EUR 7.3 billion). Significantly contributing to this development in revenues was a 27 percent increase in transport volume, which rose to 8,900 TTEU in the nine-month period (9M 2017: 7,029 TTEU). This increase especially resulted from the merger with United Arab Shipping Company Ltd. (UASC). The average freight rate decreased to 1,032 USD/TEU, which is below the prior-year level (9M 2017: 1,068 USD/TEU). On a pro forma basis and when compared to the combined business of Hapag-Lloyd and UASC in the nine-month period, the transport volume is up 5.5 percent and the average freight rate is up 1.4 percent. Bunker prices rose by USD 95/tonne in the first nine months 2018 compared to the respective period of the previous year and could not be fully offset by freight-rate increases in the third quarter. A weaker average US dollar exchange rate against the euro and significant upwards pressure on the operational costs were partly offset by synergies coming from the business combination with UASC and other saving measures.
     
    “We have seen a positive development in the third quarter and also ended on a positive group net result after nine months. Higher transport volumes, a better utilisation of our ships and the synergies from the recent merger with UASC have enabled us to partially offset rising operational costs. In addition, the average freight rate improved during the peak season in important trades. Despite the persistent upwards pressure on the operational costs in various parts of our business, we remain cautiously optimistic for the rest of the year,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
     
    The developments in fuel costs and freight rates are in line with the forecast for 2018 as a whole, which was adjusted on 29 June 2018. This forecast remains unchanged and lies within a range of EUR 200 to 450 million for the EBIT and within a target corridor of EUR 900 to 1,150 million for the EBITDA. Based on the positive development we have seen in the third quarter of 2018, EBIT and EBITDA are expected to be in the upper part of these ranges for the 2018 full financial year.




2019 May 23

09:39 NOVATEK signed MoU with Ninh Thuan Province in Vietnam
09:20 Baltic Dry Index is up to 1,059 points
09:10 MABUX: Bunker market this morning, May 23
09:08 Royal IHC signs contract with Cameroon’s Port Authority of Douala
08:25 Sempra LNG and Aramco Services Company sign heads of agreement for Port Arthur LNG

2019 May 22

18:05 CMA CGM to resume the Bijagos Shuttle service
17:50 RF Government approves rules for collecting port investment dues from ship owners in Russian seaports
17:38 The University of Calabria and Finсantieri ink training agreement
17:05 CMA CGM PAD-Service delivers first Zespri kiwifruits to the port of Zeebrugge
16:44 CMA CGM announces GRR from Asia to South Africa
16:05 Jinling Shipyard in China orders 4 × MAN 51/60DF engines for Baltic RoPax newbuilding
15:31 Throughput of port Helsinki (Finland) in Jan-Apr’19 fell by 3.5% to 3.89 million tonnes (table)
15:09 Rob Grool appointed new CEO at ZEABORN Ship Management
14:45 CMA CGM to upgrade its EUROSAL XL service between North Europe, the Caribbean and South America West Coast
14:29 InterMoor wins 2 mooring installation contracts from COOEC
14:04 Comprehensive drill held at CPC Marine Terminal
13:28 Astrakhan branch of Ship Repair Center ‘Zvezdochka’ launches rescue towboat SB-427 for RF Defence Ministry
13:09 DOF, KONGSBERG, SINTEF Ocean and NORCE join forces to deliver ‘Intelligent Efficiency’ for offshore operations
12:52 Gazprom Neft develops partnerships with leading cruise operators
12:27 New standard Cyber Security Clause agreed by BIMCO’s Documentary Committee
12:09 PETRONAS floating LNG Satu achieves its first LNG drop post relocation
11:44 ESPS Navarra provides maritime security training in Seychelles
11:09 Hamburg Süd christens “Polar Ecuador” in Antwerp
10:51 Throughput of port Vyborg in Jan-Apr’2019 fell by 34% Y-o-Y to 275,500 tonnes
10:30 Throughput of port Kaliningrad in Jan-Apr’2019 fell by 16% Y-o-Y to 3.94 million tonnes
10:08 Austal partners with Fred. Olsen on next generation MARINELINK Smart technology rollout
09:53 Baltic Dry Index is up to 1,049 points
09:37 Bunker market at the port of Saint-Petersburg, Russia sees mixed price movements (graph)
09:37 WesCom Signal and Rescue showcases its commitment to safety training at Nor-Shipping 2019
09:20 Brent Crude futures price is down 0.62% to $71.73, Light Sweet Crude – down 0.82% to $62.61
09:08 West Africa Container Terminal makes further investment in equipment
08:53 MABUX: Bunker market this morning, May 22
08:08 Ocean Yield takes delivery of two modern Ultramax dry bulk vessels with 11-year charters

2019 May 21

18:33 Maersk to charter 13 new feeder ships powered by conventional fuel from 2021
18:25 Long-term Wärtsilä service agreements support optimal performance for LNG Carriers
18:04 GTT notified by Samsung Heavy Industries for the tank design of a new LNG carrier for Nisshin Shipping
17:48 Throughput of port Vysotsk in Jan-Apr'2019 climbed by 7% Y-o-Y to 6.65 million tonnes
17:25 Bunker prices still show no considerable changes at the Far East ports of Russia (graph)
17:19 ABB to enable world’s first hydrogen-powered river vessel
17:04 Port of Zeebrugge sets new record with maiden call of OOCL United Kingdom
16:42 Sredne-Nevsky Shipyard lays down Pioner-M, research ship of Project 25700
16:19 USCG host workshop to discuss safe operation of commercial passenger vessels
16:04 IMO issues additional guidance for sulphur 2020 implementation
15:33 UN agency pushes forward on shipping emissions reduction
15:19 Nevsky Shipyard delivers Nevsky Shipyard second vessel in a series of five dry cargo vessel of project RSD59
15:03 Panama Canal announces enhancements to its Green Connection Environmental Recognition Program
14:27 DSD sells its ferry and expressboat company Norled
14:06 Throughput of port Primorsk in Jan-Apr’2019 grew by 5% Y-o-Y to 18.95 million tonnes
14:03 MOL and Weathernews release of FOCUS Project part I 'Fleet Viewer' application
13:44 Port of Hamburg posts Q1 2019 results
13:41 Czech and Polish officials visit the Port of Gdansk to promote trade between the countries
13:14 Multipurpose Reloading Complex boosts investments in environment protection 15 times to RUB 8 million
12:49 Port of Ust-Luga handled 35.55 million tonnes in 4M’19, up 8% Y-o-Y
12:25 Throughput of Port St. Petersburg in Jan-Apr'2019 grew by 2% Y-o-Y to 19.67 million tonnes
12:02 IAPH Port Planning and Development Committee published a report “Autonomous Vehicles’ Impact on Port Infrastructure Requirements ”
11:28 Port of Kiel welcomes “Aidaprima” for its maiden call
11:00 Container Terminal Saint-Petersburg allocated RUB 2.9 million for implementation of its social programme in 1Q’2019
10:11 Swan Hunter completes modular offshore grid cable storage load-in
09:56 Brent Crude futures price is up 0.31% to $72.19, Light Sweet Crude – up 0.43% to $63.48
09:27 Debmarine Namibia to invest in world’s first custom-built diamond recovery vessel